Youku Streams Problems Alibaba's Way

Alibaba's entertainment investments are creating an awful lot of static.

After it disclosed possible accounting issues last week at its recently acquired film studio, news came Wednesday that Alibaba's big bet on streaming video has stumbled out of the gate. Streaming site Youku Tudou, in which Alibaba made a $1.1 billion minority investment earlier this year, reported a much wider-than-expected net loss in the three months to June,...